¹ at Maryborough’s volume weighted average share price during August 2009, to date.
If the offer succeeds, Maryborough intends to invite the Tully board to nominate three people to become independent directors on the merged group board.
Maryborough’s chairman, James Jackson, said: “We believe that the merger offer proposal Maryborough has put forward is an excellent opportunity for Tully shareholders to have investment liquidity at a fair value, and to be part of an established ASX-listed sugar group.”
Source: Maryborough Sugar Factory
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